Below are several transactions for Louisville Company: Proceeds from issuance of...
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Accounting
Below are several transactions for Louisville Company:
| Proceeds from issuance of bonds payable | $635,000 |
| Payment to purchase equipment | 275,000 |
| Payment of wages | 115,000 |
| Payment of dividends | 155,000 |
| Payment to pay off notes payable | 195,000 |
Based on these transactions, what is the net cash flow from financing activities?
a. $0, because cash inflows equal cash outflows from financing activities
b. $440,000 net cash provided by financing activities
c. $285,000 net cash provided by financing activities
d. $275,000 net cash used for financing activities
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